There probably won't be a big jump for a startup from the incubation seed stage to a Series A round. Considering how large a Series A step-up landing can be, there are many guidelines. However, most of them seem a little outdated in today's market. For example, the time-honored rule that startups must have $1 million a year or its equivalent in recurring revenue seems an anachronism today. After all, some companies have raised less money in recent quarters, some are struggling to raise money, and others are raising more money.
input Alex Kayyal of Lightspeed Venture PartnersHe will be at TechCrunch Early Stage 2024 to discuss how startups can avoid common pitfalls in the process of raising their Series A.
Raising an A round has never been easy. How many times have we at TechCrunch discussed the Series A crisis? A startup's first letter round is when big dreams and a potentially larger market directly influence the venture's expectations, such as repeatability of sales and CAC recovery. It's time to collide. It's like going from middle school to graduate school all at once.
Bring your notebook as Kayyal, a former Salesforce Ventures and backer of companies like Gong and Algolia, brings insight to our problems. And of course, as with all TechCrunch early stage events, he'll be answering questions directly.
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